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Thursday, August 1, 2013

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08/1/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Macy, Penney to wrap up trial on Martha Stewart home goods dispute
NEW YORK (Reuters) - A New York state judge could decide as soon as Thursday whether J.C. Penney Co Inc can sell certain Martha Stewart-branded home goods despite rival Macy's Inc's exclusive deal with the doyenne of U.S. home decor.
UAE's Etihad to buy 49 percent stake in Serbian airline
BELGRADE (Reuters) - United Arab Emirates' Etihad Airways, which has stakes in Virgin Australia and Air Berlin , will acquire a 49 percent stake in Serbia's loss-making JAT Airways.
Temasek's Danamon suitors may now be Japanese, Chinese
HONG KONG/SINGAPORE (Reuters) - After the collapse of the DBS deal, the best bet of Singapore sovereign investor Temasek Holdings to sell its stake in Bank Danamon Indonesia Tbk PT is to find a Japanese or Chinese bank keen to expand in Southeast Asia's biggest economy.
UK government says no timetable, price target for Lloyds sale
LONDON (Reuters) - Britain's government reiterated on Thursday that it has no set timetable or target share price for starting the sale of its 39 percent stake in state-backed bank Lloyds .
Generali wants good price for BSI sale: CEO
MILAN (Reuters) - Insurer Generali is still looking to sell its Swiss private banking business BSI but is determined not to let it go cheap, Chief Executive Mario Greco said on Thursday.
BAE sees key Saudi jet deal agreed in second half
LONDON (Reuters) - BAE Systems Plc said it expects a long-awaited multi-billion dollar Saudi fighter deal to complete in the second half of this year, enabling it to forecast a more than 10 percent lift to yearly underlying earnings.
Finmeccanica says still talking on asset sales
MILAN (Reuters) - Italy's Finmeccanica is still in talks to sell non-core assets, likely to include transport and energy businesses, despite long delays that have frustrated investors and prompted credit rating downgrades, its chief executive said on Thursday.
Lloyds in position for UK to start selling shares: CEO
LONDON (Reuters) - The chief executive of Lloyds Banking Group said it is now in a position for Britain to start selling its 20 billion pound stake in the lender, although the timing is up to the finance ministry.
Generali will "certainly exit" Telecom Italia in future: CEO
MILAN (Reuters) - Assicurazioni Generali will exit its investment in Telecom Italia , though it will do so at the right conditions, the insurer's CEO Mario Greco said on Thursday.
Some Dell swing shareholders ready to compromise: sources
NEW YORK (Reuters) - Some of Dell Inc's largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would back the deal at the buyout group's latest offer price, three sources close to the matter said.
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